by John Darer® CLU ChFC MSSC RSP CLTC
The life insurance companies that issue structured settlement annuities or periodic payment reinsurance are perennially among the world's largest and most admired corporations.
Prudential Financial is the 2nd most admired life insurance company in the world according to the 30th anniversary survey of Fortune's World's most admired companies. Pru's subsidiary, The Prudential Insurance Company of America underwrites and issues structured settlement annuities.
Berkshire Hathaway was not only the top in the P&C insurance industry sector, it also made the global top 10, coming in at 8th. Berkshire Hathaway subsidiaries, Berkshire Hathaway Life Insurance Company of Nebraska, First Berkshire Hathaway Life Insurance Company, National Indemnity Company, Columbia Insurance Company and BHG Structured Settlements, Inc. participate in the structured settlement marketplace
Other companies whose subsidiaries are current and former structured annuity issuers include:
Mass Mutual, New York Life and MetLife ranked 3rd, 4th and 5th respectively in the life insurance sector that includes annuities
Liberty Mutual ranked 7th in the P&C sector. Liberty Mutual and its subsidiary Liberty Life Assurance Company of Boston participate in the structured settlement marketplace and through its relationship with BARCO Assignments Ltd., is currently the only annuity funded non qualified structured settlement program in the marketplace.
According to its website, Fortune started with approximately 1,400 companies: the Fortune 1,000 -- the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's global 500 database with revenue of $10 billion or more. We then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 687 companies from 30 countries. To create the 57 industry lists, they partnered with the Hay Group, which asked 3,800 executives, directors, and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.